New Member!!... Cam, etc... choice??

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Hello, I am a new member...huge cobra fan and shelby enthusiast. My uncle was on the Shelby pit crew team during LeMans '66, etc... and was a close friend of Ken Miles. His name is Charlie Agapiou..... Just thought I would share!!!

I thought this forum would be the best to post a question since you guys are extremely informative in the threads I have read. I don't own a cobra/shelby, but would love to someday.

The point....I have a '65 mustang with a 289 C code automatic..(4.00 bore x 2.87 stroke) I have recently started to refresh the engine and buy new parts. I have purchased a high flow water pump, GT40p heads (60cc. 1.84 int/1.46 exh), performer RPM intake, tri-y headers, edelbrock 4v 600cfm carb...I think that's it.
I was wondering...what type of cam should I go with? I am looking for an increase in torque and bhp but still be able to cruise the streets comfortably. Some threads recommended the Comp Cam 31-246-3. I have also heard the Comp Cam 270H or 280H would work as well.

My compression is stock..9:3.1...but I would also like to get new pistons/rods/rings, etc to help improve that if needed. Maybe a suggestion for those as well so it all matches. Also a new rearend would help, stock is 2.80:1...any gear size recommendations?? (I'm still learning too by the way!!)...

I know this is alot to ask, but some expert advice would be highly appreciated. (I did ask my uncle too, but he is too busy to help me out). If any of the parts I already bought seem to be a bad choice, let me know.... Thanks!!!!!